Question

Is the economic model of decision-making intended as a literal description of how individuals, firms, and the governments actually make decisions?

Short answer

This is so because these profitable models make use of make straightforward and simplifying hypotheticals in order to make the complex system's easier to study and understand. In this sense, decision making profitable model are really useful.

Step-by-step solution

:Concept Introduction

The decision making profitable model sees to give further information and more careful decision making capability than the information that individual, enterprises, and the governments display actually.

No,the profitable model of decision timber isn't intended as a nonfictional description of actually made opinions by individualities, enterprises, and the governments.

:Explanation

This is so because these profitable models make use of make straightforward and simplifying hypotheticals in order to make the complex system's easier to study and understand. In this sense, decision making profitable model are really useful.